Barclays PLC Increases Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Barclays PLC lifted its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 326,530 shares of the real estate investment trust's stock after acquiring an additional 44,335 shares during the period. Barclays PLC owned approximately 0.67% of Chatham Lodging Trust worth $2,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at $25,000. KLP Kapitalforvaltning AS bought a new stake in Chatham Lodging Trust in the fourth quarter worth $68,000. Ballentine Partners LLC purchased a new stake in Chatham Lodging Trust during the fourth quarter valued at about $102,000. Pensionfund Sabic grew its stake in shares of Chatham Lodging Trust by 66.7% during the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust's stock valued at $134,000 after buying an additional 6,000 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Chatham Lodging Trust in the fourth quarter worth about $155,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Trading Up 1.0 %

NYSE CLDT traded up $0.07 on Monday, hitting $7.10. The company's stock had a trading volume of 80,571 shares, compared to its average volume of 416,623. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. The firm has a market cap of $347.77 million, a P/E ratio of -30.87 and a beta of 1.42. The company's 50-day simple moving average is $7.23 and its 200 day simple moving average is $8.27.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust's payout ratio is currently -450.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CLDT. Stifel Nicolaus dropped their target price on Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a report on Wednesday, April 16th. StockNews.com cut shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.